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Buy 3M for Its Dividend and Becoming 'Too Cheap to Ignore'

Richard Suttmeier

3M is a multi-national technology conglomerate that manufactures industrial, safety and consumer products including the ever-popular post-it notes. The daily chart for 3M shows a huge price gap lower on April 25, after it reported an earnings miss and disappointing guidance. The weekly chart for 3M is negative but oversold with the stock below its five-week modified moving average of $175.95 and below its 200-week simple moving average or "reversion to the mean" at $190.50.